The following list of items was extracted from the December 31, 2023, trial balance of Future Products Corp. Using the information contained in this listing, prepare the company’s multiple-step income statement for 2023. You need not complete the earnings per share calculations.

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Salaries expense Income tax expense (continuing operations) Loss from operating Division C (net of $11,220 tax benefit) Sales Total effect on prior years' profit of change from declining- balance to straight-line depreciation (net of $10,560 tax) Gain on provincial condemnation of land owned by Future Depreciation expense Gain on sale of Division C (net of $21,670 tax) Cost of goods sold Debit Credit $ 73,370 102,498 26,400 68,310 462,220 $770,264 35,640 102,080 72,600